Red tape adds to home costs, developers say
Bureaucratic red tape is adding about $80,000 to the cost of a new home in Hamilton, according to developers.
That's due to both local and national regulations, they say.
And now Hamilton City Council plans to remove a carrot for central city developments, Yeoman Homes may stop building CBD apartments, managing director Andrew Yeoman said.
Council plans to phase out a remission that effectively meant developers didn't have to pay development contributions on central-city projects.
"Red tape definitely adds $80,000 if not more to the cost of a house," Yeoman said. "But it's not all Hamilton City Council rules that make that up - a large amount of that is government regulations."
"In the 17 years I've been building, I'm just astounded at how much costs have increased.
Read more here.
A Neighbourly Riddle! Don’t Overthink It… Or Do?😜
Do you think you know the answer? Simply 'Like' this post if you know the answer and the big reveal will be posted in the comments at 2pm on the day!
If you multiply this number by any other number, the answer will always be the same. What number is this?
Poll: Should the government levy industries that contribute to financial hardship?
As reported in the Post, there’s a $30 million funding gap in financial mentoring. This has led to services closing and mentors stepping in unpaid just to keep helping people in need 🪙💰🪙
One proposed solution? Small levies on industries that profit from financial hardship — like banks, casinos, and similar companies.
So we want to hear what you think:
Should the government ask these industries to contribute?
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59.8% Yes, supporting people is important!
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24.4% No, individuals should take responsibility
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15.8% ... It is complicated
Derelict Tokanui Hospital site in line for a clean-up
Derelict Tokanui Hospital buildings will be demolished and contaminated land cleaned up so the site can be offered back to iwi.
The former psychiatric hospital, southeast of Te Awamutu, sits on land taken from Ngāti Maniapoto under the Public Works Act in 1910.
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